Online hiring loses pace in April: Monster Index

Mumbai: It is a slower growth for hiring activities in April 2016. The online hiring sentiments for the month of April 2016 recorded a sluggish year-on-year growth rate at 28 percent down from 42 percent in March 2016, according to Monster Employment Index (MEI).

Online recruitment activities in the manufacturing sector have been charting a negative six-month growth consistently since January 2016. While hiring in the IT sector continues to reflect impressive performance ahead of all the industries with a 63 percent growth, the Printing and Packaging industry posted a growth of 60 percent.

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Commenting on the latest trends and developments in various sectors, Sanjay Modi, Managing Director, Monster.com (India/ Middle- East/ South East Asia/ Hong Kong) said “The MEI reveals a relative slowdown in the pace of online hiring. While the numbers are still good there is a drop from a robust 42 percent in March to 28 percent in April, 2016. We as a nation are definitely heading in the right direction for a long term gain with more streamlined employment generation initiatives and strongly driven Skill India by PM Modi with an aim to enhance employment. However, currently the scenario is a bit cautious when it comes to hiring. The Production and Manufacturing industry is yet to see the hay day but the concept of Make in India is appropriately towards greater employability.”

Top Growth Cities:

Chandigarh

Bangalore

Coimbatore

Chennai

Mumbai

Top Growth Industries

IT – Hardware, Software

Printing/ Packaging

Education

Media & Entertainment

Healthcare, Bio Technology & Life

Sciences, Pharmaceuticals

About Monster India: Monster India, a leading career and recruitment resource portal, provides relevant profiles to employers and relevant jobs to jobseekers across industry verticals, experience levels and geographies. More than 200 million people have registered on the Monster Worldwide network. Headquartered in Hyderabad, the company has presence in 11 other cities of India viz., Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata, Ahmadabad, Baroda, Chandigarh, Jaipur and Cochin.